Compass Minerals International (NYSE:CMP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Compass Minerals International (NYSE:CMP) from a buy rating to a strong-buy rating in a research report released on Sunday morning.

Several other research firms have also recently weighed in on CMP. BMO Capital Markets lifted their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th.

Compass Minerals International Price Performance

NYSE CMP opened at $19.64 on Friday. The stock has a market capitalization of $815.06 million, a P/E ratio of -4.97 and a beta of 1.11. Compass Minerals International has a 1 year low of $7.51 and a 1 year high of $20.96. The business’s fifty day moving average is $15.39 and its two-hundred day moving average is $13.07. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.24. The company had revenue of $494.60 million for the quarter, compared to analysts’ expectations of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, research analysts forecast that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Lightrock Netherlands B.V. purchased a new position in shares of Compass Minerals International during the 4th quarter valued at $6,394,000. New York State Common Retirement Fund boosted its stake in shares of Compass Minerals International by 35.9% during the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock worth $81,000 after acquiring an additional 1,900 shares in the last quarter. Denver PWM LLC boosted its holdings in Compass Minerals International by 25.8% during the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 967 shares during the period. Jones Financial Companies Lllp grew its position in shares of Compass Minerals International by 44.1% in the fourth quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company’s stock valued at $204,000 after purchasing an additional 5,544 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Compass Minerals International by 6,121.5% in the fourth quarter. Assetmark Inc. now owns 30,050 shares of the basic materials company’s stock valued at $338,000 after purchasing an additional 29,567 shares during the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.